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Seniors living development site listed for sale in Melbourne’s west

Melbourne, 30 September, 2014 – A 10,000sqm parcel of land located within one of Melbourne’s most significant master planned communities, Williams Landing, has been listed for sale.

Lots 1 and 2 Ashcroft Avenue are strategically located in the heart of the proposed Williams Landing Town Centre in Melbourne’s expansive south-western growth corridor.

The property, which is included in a Priority Development Zone, benefits from 222 metres of primary frontage and a close proximity to significant infrastructure including the new Williams Landing Railway Station and freeway interchange. The site is also set to capitalise on the suburb’s rapidly growing residential base of more than 3,900 proposed dwellings.

CBRE’s Scott Orchard and Jamus Campbell, in conjunction with JLL’s Noral Rich and Simon Quinn, have been appointed to sell the holding on behalf of vendor Cedar Woods via an Expressions of Interest campaign.

Mr Campbell said the property’s development potential was expected to attract widespread buyer interest.

“This site is ideally situated to accommodate a medical, aged care, retirement living or social and health services development, with the property large enough to feature a mixture of these uses,” Mr Campbell said.

“Social infrastructure is a growing sector and we expect this property will particularly appeal to purchasers looking to undertake a development of this nature.”

Mr Campbell said Melbourne’s south-west was earmarked for considerable growth over the next two decades, which was also likely to be a major draw card.

Based on Census data, the City of Wyndham is forecast for significant growth in the over-65 age cohort compared to the rest of Victoria.

He added: “This will fuel strong demand seniors living in this locality.”

Williams Landing is located approximately 19km from Melbourne’s CBD, within Australia’s fastest growing municipality of Wyndham.

Expressions of Interest close October 22 at 4pm.

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